Acquisitions20 Mar 2026, 11:16 am
Shah Enterprise Acquires 11.76% Stake in Suncare Traders Ltd via Off-Market Deal
AI Summary
According to a disclosure made under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Shah Enterprise has acquired a significant stake in Suncare Traders Ltd. The deal, valued at Rs. 51,00,00,000, was made off the market and includes 3,00,00,000 equity shares, which amounts to 11.76% of the company's total diluted capital. The shares were previously unencumbered but are now subject to pledge or non-disposal undertaking.
Key Highlights
- Shah Enterprise has acquired a 11.76% stake in Suncare Traders Ltd.
- The deal is valued at Rs. 51,00,00,000.
- The acquisition was made off the market.
- 3,00,00,000 equity shares were acquired in the deal.
- The shares were previously unencumbered but are now subject to pledge or non-disposal undertaking.